Category «Financial System»

How actual ‘fake news’ caused a market whiplash

CNN: “An errant post on X may have just shaken the stock market, showing how influential — and unreliable — the social media platform can be. Unsourced “headlines” about a potential “90-day pause in tariffs” sent markets into a state of turbulence Monday morning as investors sought any indication of a reprieve from the Trump …

Subjects: Economy, Financial System, Internet, Social Media

Social Security website keeps crashing as DOGE demands cuts to IT staff

Washington Post via MSN: “Retirees and disabled people are facing chronic website outages and other access problems as they attempt to log in to their online Social Security accounts, even as they are being directed to do more of their business with the agency online. The website has crashed repeatedly in recent weeks, with outages …

Subjects: AI, Cybercrime, E-Government, Economy, Financial System, Legal Research, Privacy, Social Media

Trump Tariffs: Tracking the Economic Impact of the Trump Trade War

April 7 – Global Stock Markets Crash as United States Likely Next – Global stock markets have crashed overnight, the United States is set to have one of the worst stock market days in recent history, recession fears are rising fast, and Trump will not lift his tariffs. The Tax Foundation: “Key Findings President Trump has …

Subjects: AI, Economy, Financial System, Government Documents, Legal Research

Biglaw Is Under Attack. Here’s What The Firms Are Doing About It.

Above the Law – “The President of the United States is using the might and power of the office to attack Biglaw firms and the rule of law. It’s pretty chilling stuff that is clearly designed to break major law firms and have them bend a knee to Trump or extract a tremendous financial penalty. …

Subjects: Censorship, Civil Liberties, Economy, Financial System, Freedom of Information, Government Documents, Knowledge Management, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, April 5, 2025

Pete Recommends – Weekly highlights on cyber security issues, April 5, 2025 – Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and …

Subjects: AI, Copyright, Courts, Cybercrime, Cybersecurity, Economy, Education, Financial System, Internet, Legal Research, Libraries

Trade war: Trump’s tariff calculations slammed by some economists

@JamesSurowiecki. Author of The Wisdom of Crowds. Contributing writer for Fast Company and The Atlantic. Editor at The Yale Review. I wrote The Financial Page for The New Yorker. “Just figured out where these fake tariff rates come from. They didn’t actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for …

Subjects: Economy, Financial System, Government Documents

Social Security Website Crashes as DOGE-Linked Disruption at the Agency Continues

Gizmodo: “Key parts of the Social Security website have proven inaccessible over the past week, and the agency now says that it is probing the cause of the service disruptions. The problems come not long after the agency compelled retirees to seek help more exclusively online, as it attempts to downsize its phone operations. Last …

Subjects: E-Government, E-Records, Economy, Financial System, Government Documents, Search Engines

2025 National Trade Estimate Killing US Economy

On March 31, 2025 the Office of the United States Trade Representative (USTR) submitted the 2025 National Trade Estimate (NTE) to President Trump and Congress. The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers. …The findings of the 2025 NTE underscore President Trump’s …

Subjects: Economy, Financial System, Government Documents, Legal Research

Ten weeks that shook the world

FT.com – On many fronts, and with deliberate haste, America is vaporising its soft power – “The US looks bound for a recession this year owing to the president’s actions. Civilisations are not murdered, said the historian Arnold Toynbee. They die from suicide. Though military clout and geographic fortune will sustain America, its republic is …

Subjects: Censorship, Civil Liberties, E-Government, Economy, Education, Financial System, Government Documents, Health Care, Legal Research, Medicine